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Apr 29, 2013 9:00pm EDT
inaugural shocked a war-raffvadged nation. johnson's wife eliza was 54 years old when she was thrust into the role as first lady. he navigated the end of the civil war, reconstruction in the south and his own impeachment. this week on "first ladies, the life and times of eliza johnson." . we learn more, let me introduce you to our two guests. jacqueline burger is in the midst of a biography collection called "love, lies and tears" and joining us from her home in southern california. and a greenville, native and long time employee of the national park service. and is an joyey of the andrew johnson historic site. the country has lost presidents before, but this was the first assassination. what was it like in washington, d.c.,, the capitol and white house, was it orderly transition, chaos or something in between? >> it was disbelief. they could not believe that it happened. but secretary stanton took charge immediately. and he decided that the president was going to be a funeral in the east room and he ent ahead and had major french set up the funeral and do everything for it. he went
Apr 29, 2013 10:30pm EDT
was a big funeral for entry johnson. special trains brought in dignitaries. eliza died, -- it was drawn by roger white horses. the white house association has been our partner and will continue through the series. many of the photographs and additions we bring. a special thanks to our two guests. sinces been working at it a teenager bit and jaclyn, her book on the first lady's. whos available for those are getting the series. thank you so much. thank you for watching. >> next week, we focus on julia great the first first lady to write her memoirs. . she spent years following her husband. she threw lavish parties, redecorate the white house, and organize the staff. she used her position to ensure jobs. we will explore her life growing up. and after white house the presidency and her influence on the image of first lady. julia grant, live next week on c-span, c-span3, c-span radio, and our website has more about the first lady's including a special section "welcome to the white house." it chronicles life in the executive mansion during the tenure of each of you what -- first l
Apr 8, 2013 5:00pm EDT
that ron johnson is out as the ceo of j.c. penney. certainly a lot to go through here when you figure out what it means for his pay structure. when he took over at j.c. penney, he got $50 million in stock to make up for some of the apple stock that was going to vest in a short period of time, that he was leaving behind at apple. he bought nearly $50 million in warrants at that time to buy seven a a quarter million shares of j.c. penney stock, exercised six years later at a price of $29.92. the stock has been sitting at about $15 and change at the close of trading today. certainly getting a spike here. but ron johnson's tenure at j.c. penney appears to be over now according to a source familiar with the situation. >> the stock rose the day he took over the job and it's rising big time as he leaves the job. we'll turn it over to you guys and let you guys on "fast money" chew this around and see what it means for this stock going forward. over to you guys. >> thanks so much. welcome to "fast money." let's go straight to the breaking news in the after-hour session. j.c. penney ceo ron johnson
Apr 9, 2013 9:00am EDT
-up over at penney. out with the old and in with the new kind of. ron johnson is out as ceo. ullman get it on track? >> it's looking like another black eye. bill ackman, and we'll break down what it means for him. he made a big bet on the retailer and his herbalife short. that's also been under fire. >> alcoa kicks off after the bell and jim will give us his take on what they said and lay out the broader market. we will start with penney. the struggling retailer announcing ron johnson stepping down as ceo after a year and a half on the job being replaced by myron ullman. ron johnson was on the show in january talking about his growth strategy. take a listen. >> if i had to do it over again i would do it almost like we did it. i would change some of the tactics and i would be more clear in pricing, but we had a business model that didn't have any growth in its future. every business needs to build off a growth platform. >> the question now, jim, is whether or not they have growth in their future now. >> i think this is going to be a situation call where the debt side will tell the story.
Apr 30, 2013 1:00am EDT
it background. >> hi, darla? caller: my question was, are the johnsons the last president to own -- that were former slave owners, or were there more presidents after them? >> thank you very much. that's a good question. i wanted to say no. i was thinking of an group -- sorry, ulysses s. grant was opposed to slavery. so the presidents after that did not. that sad part of our history ends with the johnson administration. the first six, seven presidents all did have slaves other than the johnsons, other than john adams and john quincy adams. they were the only two of the early presidents who didn't have slaves. and basically stopped with zachary taylor. i think he was the last president that literally brought slaves to the white house with him. after that, they didn't. >> next, a question from tennessee, jonesboro. and our caller is carol. hi, carol. caller: hello? >> you're on. caller: okay, thank you. yes. my husband's mother marry martha patterson's daughter, which would have been andrew johnson's grand daughter some years ago. she claimed two jonesboro specifically to talk to my mother-in-l
Apr 9, 2013 4:30pm PDT
johnson, stepped down. his predecessor becomes his successor, stepping back into the top spot. and the ceo shuffle hasn't been good for investors. the stock is trading at a 12-year low. but the shoppers in new york seemed unconcerned. those that have noticed the changes in store had positive review, noting in particular the change in prices, selection and quality. >> the low price would be more attractive thing. if there's a huge sale like you said, it gets real hectic and then kind of turns me away. >> they have different kinds of bags, make up, jewelry. i don't have to go in different stores. i can just stop in one place and it's all there. >> the big question now becomes whether or not they can bring back the shoppers it has lost. >> more now on jc penney with margaret. she thinks ron johnson had the right strategy, but just at the wrong company. welcome. what do you mean by that? >> i mean, i think actually johnson was on to something when he was doing this. within the department store industry, i mean, you're seeing significant shrink in terms of customer loyalty. customers who return
Apr 6, 2013 6:00pm EDT
bird johnson, nancy reagan, and grandchildren, margaret truman and john eisenhower, both of whom, of course, are writers themselves, and they view their grandmothers very well. so they were wonderful help. then i talked to the other siblings. richard nixon's very much younger brother edward nixon, who most people don't even know he has a still that was still arrive. he was very helpful. teddy kennedy, eunice shriver. i talked to people who were part of the families, and they gave me insights and anecdotes that don't necessarily appear anywhere else. >> have you met any of the mothers? >> yes. i met and interviewed rose kennedy. mrs. carter, oh, yes, i interviewed lillian carter, she's memorable. and i was around a bit with virginia clinton kelley, but i didn't interview her, but i was very much around when she was there. so those i did really get to watch and talk to and got a feel of their personalities. >> how many of these 11 women have a book written about them? >> you know, five of them write their own autobiographies, and that was wonderful, because they then put many famil
Apr 8, 2013 4:30pm PDT
in the day. >> right after the market closed, the ceo, ron johnson is out after just a year and a half in the job. now mike ullman has been named interim ceo. j.c. penney's sales dropped 25% in johnson's first year at the helm, and then during his tenure the stock tumbled 50%. >> joining us now with more on what happened and what's next for the company, our courtney reagan. >> good evening to you both, tyler and susi i'm actually standing outside the new york courthouse because earlier today the trial resumed between macy's martha stewart. johnson's turn around plan just hasn't taken hold. sales down precipitously and now it appears that johnson is stepping down. that is the wording that was used in the press release. and interim ceo will be mike ullman. he was the ceo before ron johnson. during the time that he was ceo, the stock price fell 17% and earnings were relatively flat. as far as where the company goes from here, a lot of questions still unanswered at this hour as to what this interim ceo will change, if anything, as they make the transition and search for a prominent replace
Apr 16, 2013 4:30pm PDT
components, coca-col and john and jo johnson and johnson. and there was a 4% decline in prices at the gas pump. helping, industrial producon was higher than forecast in march. with u.s. automakers churning out more new cars and trucks and utilities, combatting a nationwide cold snap that we suffered from last month. and good news in housing. construction of new homes shot up by 7% in march. enough to reach an adjusted annual rate of 1 milon hsing units for the last month. something we have not seen in five years. >> bill, that jump in new home building sent shares of the nation's biggest home builders higher. ryland up 3.5%. and others have all seen gain. much of the surge in construction was not single family homes however. but multi-family rental apartments. it's a sector that has been growing rapidly over the past few years and now there's concern about a backlash in all those rentalnits tha are hitting the market all at once. diane explains. >> as the market for single family homes recovers, a curious contradiction, rental apartments are going up in demand, but soon could be going dow
Apr 6, 2013 4:00pm PDT
officer. the latest in a full report coming up. >>> he was known as the galveston giant. jack johnson shattered the status quo backing the first after kwan american chap onin 1988. shock waves for felt outside the ring when johnson broke one of the segregated -- johnson's crime, dating a white woman, eventually marrying one. convicted in 1913, that tarnished his name and legacy. now there's an effort under way to win a pardon for johnson. joining me now from detroit is boxing great and former heavyweight champ mike tyson. thank you for joining us. >> thank you for having me. >> why would you get behind an effort to pardon jackson son. >> i'm a great fan of jack johnson. i understand the circumstances that jack johnson was convicted under. and jack johnson broke all the barriers. he was the first guy, black person in galveston with a car when he was champion. he was the ali before ali. >> ali even looked up to him as well. i think that you probably looked up to him as well. i should mention that you're in the motor city right now starring in your one man show, it's called undisputed tr
Apr 7, 2013 4:00pm PDT
. >>> boxing legend jack johnson shattered the status quo by becoming the first african-american heavyweight champion in 1908. he also troubled the status quo when johnson broke one of the segregated jim crow laws. johnson's crime dating a white woman and eventually marrying one. convicted in 1913, that crime tarnished johnson's name and legacy. there's an effort under way to win a presidential pardon for him. former heavyweight champion mike tyson is part of it. >> hey, i'm just a great fan of jack johnson and, yes, certain standards in which johnson was convicted under and the circumstances, at the time, he wasn't even consider red a human being. and jack johnson broke all the barriers. he was just the -- he was the first guy, black person in galveston with a car when he was champion. he was the ali before our league. >> ali looked up to him as well. look, i think you probably looked up to him as well. i should mention you're in the motor city right now on tour starring in your one-man show called "undisputed truth." that's what jackson johnson, he tried to live that truth. do you think he
FOX Business
Apr 8, 2013 5:00pm EDT
on this. what do we know? dennis: quite a fall from grace for ron johnson who left apple, built a business to go into jcpenney and turn it into a slick, hip, output. he wanted to ban sales. he did. this is we have to give him time to turn this around, hit them going with discounts again and now ron johnson is out and a veteran retail executive has rejoined the company as chief executive at jcp effective immediately and elected to the board of directors. coming at a highly accomplished retail executive serving as ceo of jcpenney until late 2011. ron johnson is stepping down and leaving the company as the stock of jcpenney after hours popping 11% on the first reports that ron johnson is leaving. when he came in a year ago, jcpenney stock popped on hopes of johnson could do something to add some sizzle to this middle of the road retailer. it is not as hip as it needs to be, not as young as it needs to be. ron johnson tried to establish all of these branded stores within a store. they are now fighting over the martha stuart brand. one of the new store in a store they started. now we will see w
Apr 9, 2013 1:00pm EDT
names, bill ackman as ron johnson exits at j.c. penney, ackman on the board there, the largest shareholder at j.c. penney right now. skechers was halted earlier today. it was halted for a good time, because kpmg -- out in l.a. is suspected in eighting in an insider trading scheme. that stock is down right now by about 10%. have investors lost confidence? you can say that again. we asked it about presidents, we're going to ask and answer today about j.c. penney. it begins right now with simon. >> thank you, tyler. the stock is down big today after the resignation, probably the sacking of ron johnson more accurate. scott wapner wrote the story last night. then plummeted when the company announced that the former ceo mike ullman would return to the hot seat. during that time the stock dropped 15%, but don't forget that almost everybody, all issues were down from 2007 to 2009. right now, you can see the stock trades at 14.19, a whopping loss on the day. since johnson took over the company, the stock is down. what must he do immediately to stabilize, to right the ship. >> but first
Apr 26, 2013 5:00pm EDT
your eyes open. and you can say for every proctor, i know a johnson & johnson, something like that. let me tell you something, if we get that 3%, 5% selloff, this could be the canary in the coal mine. >> those will be the names that fall the most? >> i think they are very crowded trades. johnson & johnson -- >> well, if they are crowded, they would fall the hardest. >> yes. >> but did you happen to notice what worked this week in the absence of strong leadership from eutilitieutilities? upticks in chemicals, upticks in energy names. so, look, that's really healthy. it what you want to see when you are close to market hikes is that broadening out. >> we have breaking news here. jane wells? >> hey, melissa. we're trying to get more information about this late on a friday timing by las vegas sands that it will not stand for re-election as the company's independent auditor. this is a decision by the audit company to not stand for re-election. the news release makes it quite clear that there's no dispute between price waterhouse coopers andç the company over financia statements, from end o
FOX Business
Apr 9, 2013 3:00pm EDT
♪ liz: jcp could now stand for just change personnel as ron johnson gets pushed. why are they bringing the previous ceo back when he had no luck either? what happened behind the scenes, and will investors buy the new swapping out the new guy for the old guy trick? near impossible stock turn arounds can be pulled back. and north korea threatening war with its neighbor to the south as the u.s. ramps up its military presence in the region. what does it mean for south korean stocks like samsung and ld electronicsing? electronics? "countdown to the closing bell" starts right now. ♪ liz: three points away from the intraday high for the dow jones industrials, and yes, it's a record. good afternoon, everybody, i'm liz claman. the dow i and the s&p both on track, actually, for new record closing highs. let's get to the floor show, we wanted to bring the traders in immediately to get the sense of what was going on on the floors. we're at the cme, the new york stock exchange, the nymex, we're at nicole petallides eye standby location and a headline from each of you. okay, tedd
Apr 10, 2013 4:00am PDT
. > > you're welcome. filed under "what were they thinking?"---jc penny thought ron johnson would bring the magic from apple to penny's. as ceo, johnson's vision was to freshen up the store's staid image and go after younger, more brand-conscious millennial shoppers. as our cover story explains, it wound up turning into a retail disaster that alienated its customer base before the new one had been lured in. ron johnson's tenure as penny's ceo was short--just 17-months and by many accounts--not at all sweet. his strategy to stock higher-end merchandise and lose the discount coupons drove away the store's value- conscious customer base well before sought-after millennial customers knew the 110-year-old department store chain even existed. "you can't be someone's #5 store on their shopping list if you're trying to reinvent yourself solely through that customer base." sales fell 32% in last year's 4th quarter--when holiday seasonal shopping is at its peak. company stock dropped 53%. the company may have been boring before but analysts say johnson drove it toward the rocks too soon for his v
Apr 1, 2013 11:00pm PDT
warrants have been issued for 49-year-old david johnson, of el cerrito, and 51-year-old scott bailey, of el sobrante. police say, the two broke into the gold collection in y-reka last year. detectives say, they found additional evidence in their search for johnson and bailey. when they traveled to the bay area looking for the two suspects. coming up. what prosecutors plan to pursue. in the james holmes case.and how long the trial will be delayed. plus, a local firefighter that collapsed while battling a blaze. is back on the job. what happened.and how he was able to recover. colorado prosecutors say.they are going after the death penalty for james holmes. he is the man charged with killing a dozen people in a movie theatre last july. this is holmes at an earlier hearing -- no cameras were allowed inside court today. the prosecutor says, he talked about the penalty for holmes, with the 60 people who lost relatives in the shooting.and decided that "justice is death". the trial has been delayed until at least february to allow both sides to prepare. >> this just in to the kron 4 news room nort
Apr 15, 2013 11:00pm EDT
boston. arrested johnson was in baltimore late this afternoon. >> johnny johnson has a lengthy criminal record that includes jobs, robbery. investigators say he was on drugs when he crossed in front of city hall and killed matthew hersl. ande are deeply soorowed hurting very badly over this tragedy. >> i cannot even express it. >> he and his family have experienced a wide range of emotion since the death of his beloved brother. police announced the arrest of 43-year-old johnny johnson. johnson was high on drugs and driving with carolyn and cocaine in his car when hit and killed -- and heroin and cocaine in his car when he hit and killed matthew hersl. >> i think proper justice will prevail. not not wish any -- i would want anybody to go with the pain that my family is going through. >> johnson was initially released from police custody after the crash, but state police said the investigation that followed revealed that he had drugs in his system. he was arrested on monday near his west baltimore home. all aspects of the investigation are ongoing. they're still asking for people who may
Apr 28, 2013 10:45pm EDT
johnson and butter with their interaction was. >> i found in records and england the passenger lists on various ships that went from american ports to portsmouth and other places in england. i'm pretty sure i found the ship on which frederick bruce thomas crossed the atlantic. what surprised me is how many people very different social and economic backgrounds crossed the atlantic and how readily they did it, how simple it was. you didn't have a passport to do it. you bought a ticket and went. you didn't mean a passport in europe at the time. you could travel from england to france but if you had when it might make things easier when you were trying to prove who did were. i found contemporary descriptions of what it was like and was a surprise for me which was humane practical reasons. the accommodations were not fancy, people were segregated by sex for example. men would be in a cabin with 12 to 15 and women would be in another one but the food was good, the treatment was to maine, there were doctors on board. a newspaper reporter decided to take it to see what it was like so that is
Apr 9, 2013 6:00am EDT
.3 billion wrb so this guy was not -- in the end, ackman turned on them, too. ron johnson. >> has he turned on the ron congress dollar yesterday? he had 140 xharcharts that show this was going to happen. >> if you're going to though these things, you have to go all in. and salesmen, people that seem to succeed in life. but you don't have to be smart to just stig to something. >> although this got down to the wire. ron johnson is out at jcpenney's strategy. >> shares of the retailer jumping nearly 11% in after hours trading when cnbc' scott wapner first broke the news, but then the stock dropped after jcpenney announced his predecess predecessor, mike ullman ras coming back to take over. we'll have more from dana tellsy in just a moment. >> but that's what you needed, a big guy to come in and turn it around. jp penny fell so far, and you bring the savior in and he doesn't work and then you bring the guy back in. >> but this is essentially the guy there ackman brought back in, too. >> under ron johnson, all the other department stores, macy's especially ksh. >> plus he turned it around once.
Apr 8, 2013 11:00pm EDT
johnson, who was fired tonight from jc -- who is stepping down from the ceo job at j.c. penney, and not a moment too soon. something we will certainly address later on when we remove his ignominious visage from our own wall of shame. we do however believe in our president, and when he says as he did as recently as four weeks ago that the u.s. economy could collapse because of the sequester, he does have the ability to freeze hiring and frighten people beyond belief. did he use the term collapse? i heard the same thing you did. which was to be afraid. be very afraid. now, i didn't know how badly the nation's business psyche was hurt by the president. president obama's endless pronouncements. even as one of my favorite columnists peggy noonan hailed him as the fear monger in chief. the vast majority took the president seriously when he warned of chaos and gigantic layoffs. think about it, are you going to apply for a loan to start a new business if you know there are going to be layoffs that could rival those of 2007 to 2009? are you going to hire more aggressively even as the fe
Apr 6, 2013 10:00pm PDT >>> boxing legend jack johnson shattered the status quo by becoming the first african-american heavyweight in 1908. he also was troubled, troubled the status quo when johnson broke one of the segregated jim crow laws. johnson's crime was dating a white woman and eventually marrying one. convicted in 1913. that crime tarnished johnson's name and legacy. there's an act under way to pardon his conviction. >> i'm a great fan of jack johnson and understand the circumstances in which jack johnson was convicted under and the circumstances. at the time he wasn't even considered a human being. jack johnson broke all the barriers. he was the first guy, black guy in galveston with a car when he was champion. he was the ali before ali. >> ali even looked up to him as well. listen, i think that you probably looked up to him as well. i should mention you're in the motor city right now on tour starring in your one-man show called "undisputed truth." jack johnson tried to live that truth. do you think that he has a chance? >> man, i believe god is great and i believe good can be vindicated. i believe in t
Apr 9, 2013 3:00pm EDT
johnson we told you about first last night here on "closing bell." the stock is under pressure right now and now the company's board is feeling the heat. we'll get to that coming up. and plus a scandal at accounting firm kpmg. the feds are now investigating a senior partner for leaking nonpublic information, allegedly. it's an insider trading story that has the potential to get a lot bigger. we'll have the latest on both of those stories, coming up. >> what a story on herbalife. they're continuing to develop. let's check the markets as we approach this final hour on wall street. the dow jones industrial average, up 101 points. the momentum on the side of the bulls, once again, two-thirds of 1% higher. check the nasdaq and the s&p 500. we are seeing buyers there as well. nasdaq composite up 26 points, almost 1%. at the highs of the day, right now, just shy of that, just a hair from the high. 32.48, last on nasdaq, and standard & poor's index also sitting at the highs with a gain of ten points. >> let's talk about it in today's "closing bell" exchange. it's chad morgan lander from stifel n
Apr 22, 2013 4:00pm EDT
netflix and from texas instruments. plus an exclusive with the ceo of johnson & johnson all coming up on the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks staging a comeback following the biggest weekly decline of the year, although we are ending with a bit of a whimper here. market gave up some ground. investors turning their attention to met flix. earnings out any minute. the stock was the best performer in the s&p 500 and nasdaq 100 today. look at how we're settling out on wall street. after a day that saw the dow jones industrial average down 90 points early on we're finishing up on the upside today, 20 points on the dow at 14,567. up as you can see, volume on the light side today. nasdaq also higher today. 27 points higher. s&p 500 up 7.25 points after the worst week of the year last week. moments away from netflix and texas instruments earnings. we'll have fu
Apr 16, 2013 5:30am EDT
for runners, instead it turned in to a chaosic and scary time. sherrie johnson is live this morning at bwi with more on local runners from the event. this is a live look at camden yard. we will go to sherrie johnson in a few minutes at the airport where a number of local runners, more than 100 were making way to come home. >> reporter: that's exactly right. there are 450 runners that are from our state here, we are here at bwi where a number of them came in already last night and some are expected today and even tomorrow. we checked with the airline, the first flight from boston is scheduled 7:30 this morning, folks should pour in. the joyous and exciting event of the marathon has been overshadowed. the howard county striders sent runners. the group crossed the finish line before the explosion. they are shaken by what happened. phil coaches the junior striders, he crossed the finish line in boston 17 times, when the explosions happened he put on the jacket to show his pride. >> boston, that's special for me. those who had a chance to be a part of it, they will always remember it. when you
Apr 9, 2013 4:00am PDT
ceo ron johnson is out! jcp shares jumped 11% in after hours trading after cnbc reported that johnson will leave the company. interim ceo mike ullman will takeover the role. taking flight. united airlines will fly boeing's 787 dreamliner in a trip from denver to houston on may 31st. it is the first airline that will do so since the faa grounded the aircraft back in january. confirmed! the senate has confirmed former wall street prosecutor mary jo white to head the securities and exchange commission. let's jump on in and take a look at the markets with doug rothschild of performance trust investment. doug, you follow the bond was a miserable jobs report friday---what kind of bond action did you see after the report? > >you did see a bad jobs report come out on friday and the market reacted, certainly the bonds. and you've seen yields at their lowest point that we've seen in sevearl months and a pretty big---about 30 point move in the bond market in the last couple weeks. what's really driving that is thew swingback in sentiment of investors that the fed is going to continu
FOX Business
Apr 16, 2013 1:24pm EDT
of stocks are doing well. we've seen names coming out with earnings such as johnson & johnson and coca-cola helping the dow along. one name came out with their report, goldman sachs down 1.8% because of their first quarter numbers. one thing they did say the revenue they're seeing from client trading that actually fell about 10%. that raises obviously concerns going forward. we've seen some of the financials mixed. other names are doing quite well but you are seeing goldman sachs to the downside after what we saw there. year-to-date it is still a winner. it is up 1% this year. back to you. lori: nicole, thank you as always. we want to keep up to date with the latest on the boston attacks. boston police giving an update on number of people hurt in yesterday's attacks. 117 wound, 7 people are critically wounded and two three people were killed. no unexploded bombs have been located. a saudi national has been taken in for questioning as quote, pen of interest for the bombings. boston police said now no one is in custody. a little an hour ago the president speaking on the boston attacks ca
FOX Business
Apr 16, 2013 5:00pm EDT
? >> not at ale, melissa. we had very strong earnings out of johnson & johnson. coca-cola was up 5.6%. had hca. goldman sachs didn't do well. we saw the up side looking across many of their banking lines. earnings were good. the market needed to see even if this is a organized global act of terrorism, it wasn't citiwide. that the surprises stopped. that now we recover and figure out what happened in boston. melissa: jason, do you agree with that? >> i agree with the latter part of it. i personally was a little surprised we didn't have some follow-through from yesterday. melissa: yeah. >> a lot of that was confusing with the unwinding of the overcrowded commodities trade and quite frankly i'm, you know, i'm very bullish going into yesterday and today, you can't throw any worse news at the marketplace. this is a very bullish sign going forward. i love the market here and going higher. melissa: kyle, i mean there is kind of two sides to this. there is what jason just said. it makes you feel very positive the market was able to bounce back. at the same time we saw more security incidents in boston
Apr 8, 2013 11:00pm PDT
government. this is "hardball," the place for politics. >>> you can add another senator. tim johnson says he backs same-sex marriage. that brings the total number of u.s. senators supporting gay marriage to 54. that's out of 100. senator johnson announced last month he won't run for re-election in an increasingly red south dakota when his current term ends after next year. we'll be right back. >>> welcome back to "hardball." as i said, we're about to enter a hugely important period for president obama and the country. congress is returning from its spring break. the next few weeks in this city could determine, well, among other things the president's legacy in this country. will he be remembered for passing gun control legislation with background checks for gun buyers? will history show him signing comprehensive immigration reform at some point? will he and congressional republicans work out some kind of grand bargain, call it what you want, that combines tax reform, that raises revenues, with entitlement cuts and reforms? the president's at a critical juncture. the question tonight for the
Apr 12, 2013 5:30pm EDT
>>> this is "options action." tonight, drug bust. >> could johnson & johnson be flashing a warning sign to the market? and nathan says yes on a trade that can make you money. break it down. plus, too hot. how would you like to make money in chipotle? the fast food giant, they'll show you how you can make money too. talk about genius. using apple mini options that can help you get your money back in apple stock. it's a pint size trade. the action begins now. >>> in the heart of "new york times" square, i'm melissa lee. these are the traders. opportunity is knocking. the goal tonight is clear. five names and strategies that can help you property from next week's news. let's get to "money" right now. could earnings kick it off next week? mike ko. what do you think? >> i don't think so. >> we're all bears. week after week after week you're bears. week after week the s&p 500 climbs to record highs. i want to point that out. >> let's take a look at a couple of things. one of them is that we are starting to see valuations get a little bit stretched. there's a lot of names that are trading
Apr 5, 2013 1:00pm EDT
johnson to this date. and the board of j.c. penney. i spoke to him a moment ago when it became known that the former ceo took a tour of the new j.c. penney proto type store. he hopes that the new prototype works. that many are counting on it. he described ron johnson during his visit. he has been incredibly critical of as delightful and energetic. he said the shops look good but the customer will decide whether this new thing actually works. we will find out when that first shop is scheduled to open in may. the largest shareholder, has the big long position in j.c. penney was making comments today as well at a conference up in boston and he said the criticism of j.c. penney, and he has been ron johnson's biggest defender and j.c. penney's biggest defender to date. in his words, too much change too quickly without adequate testing and that so far the execution has been -- again, in bill's words, something very close to a disaster. no surprise then that we just found out in the annual report that ron johnson got no bonus. his total pay was $1.9 million after some 50 some on million a y
Apr 9, 2013 1:00pm PDT
.c. penney ron johnson ceo has learned you can't take away people's coupons. the department store announced johnson famous for leading retail operations for apple is stepping down and the guy he replaced in 2011 was taking over again. it's been a rough year for the company with shares dropping over 50% and sales down nearly 30%. you can't say johnson failed because he refused to try something different. he offered free hair cuts for kids, for example, more controversially he got rid of sales saying j.c. penney would always offer a fair price. that didn't work. people like sales. so he brought them back. the big question, was this one man stumbling or is there a larger problem with all retail stores? joining me now from los angeles is rocco pendola columnist for the rocco, can you point to one thing and say, this was johnson's downfall at j.c. penney? >> i don't think so, jake. i think you can certainly say, well the sale thing and bringing it back wasn't a good idea. we always like to focus and hone in on one thing but i think it's a bigger problem. i think it's the j.c. penney
Apr 16, 2013 6:00pm EDT
higher today. i'm talking about johnson & johnson and coka coal la. when you have any kind of selloff it's almost always because of fears about a steep slow down in the economy. now, it's the global economy. yeah, the worries used to be the united states centric. and perhaps the economy had been growing too hot. and the fed was raising rates. perhaps the monthly employment numbers showed a sudden reduction as we saw in the late summer of 2007, which ushered in the great recession. maybe there is a shocking shutdown in retail sales. now, i'm not saying that every single selloff plays out like this, but the vast majority of them actually really do. of course, lately we have a new element. we are all one world these days and a slow down in china is now greeted as more of a threat to our stock market than an actually slow down here in the united states. crazy. but it's true. when you get these kind of jitters, which include the requisite collapse in commodities like oil and copper and the markets sell, sell, sell, can't be combatted overnight because it's so horrendous, it does kind of paral
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